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Midwest Holdings reports strong performance in Q2 net income

August 16, 2022

Midwest Holding Inc. has announced a GAAP net income of $9.3 million for the second quarter of 2022, against a loss of $5 million for the prior year period.

Alongside the year-on-year improvement in net income, Midwest also reported a substantial rise in non-GAAP annuity direct written premium at $156 million, compared to $126 million from the prior year quarter.

At the same time, ceded premiums for the quarter were $60 million, compared to $86.1 million from the prior year period.

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